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Search Results 0 to 31 of about 32 (some duplicates have been removed)
CNBC
Dec 31, 2012 1:00pm EST
trillion dollar deficits that federal government carried over the past four years in its federal budget and they see that something has to change with our spending habits. that's the big concern with constituents in my district that we have to deal with spending first, before we should be talking about tax increases. we can talk about taxes. the president continues to talk about taxes first but we haven't dealt with the real problem and that's the drivers of our debt in our spending. >> all right. thank you, sir. pleasure to have you with us, congressman. >> all right. >> as we mentioned, dow jones was up about 80 points with shofrt while ago when they thought at 1:30, the president was going to announce a deal right now we are only up about 28 points on the dow. 6.5 on s&p and nasdaq is up 25. now to the other side. representative adam shif shif democrat. welcome to "power lunch." >> thank you. good to be with us. >> outlines of news from different news wires and if indeed the details are correct, would you support the measure? >> i want to look the at full package also. i think would
MSNBC
Dec 31, 2012 10:00am PST
go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. this is a fast-moving story. give us the latest perimeters of what appears -- i emphasize appears to be the start of a deal. >> well, it has been coming closer together, so we are told. the question is wha
CNBC
Dec 31, 2012 3:00pm EST
think that i will finish the job of deficit reduction through spending cuts alone without asking also equivalent sacrifice from millionaires or companies with a lot of lobbiesists, et cetera. if they think that's how we'll solve this, they've got another thing coming. >> from what we hear the senate republicans have gone along with a tax increase. i can imagine what the president said and what they're talking about is not pleasing to you. >> well, looks like another washington deal and not a fair deal. we've got spending problems. we've got entitlement problems. senate republicans have agreed to tax increases, then i think we're missing out on the real part of the package we need to have. that's dealing with a spending problem. >> would you vote for a deal with these tax increases? >> no, i don't think so. when i look at those numbers, we're still trying to sort through those. it looks like at least a million small businesses will see taxes increase. i have yet to see any small business owner that says you increase my taxes, i'm going to grow the economy, i'm going to hire more people
CNBC
Dec 31, 2012 4:00pm EST
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone without asking also equivalent sacrifice from millionaires or companies with a lot of lobbyists, et cetera, if they think that's going to be the formula for how to solve this thing, they've got another thing coming. >> let's get some reaction now with senate john barrasso. have asked vice president biden to come to capitol hill to sell the deal to democratic lawmakers. what do you make of that headline? >> i know the republicans are going to meet at 4:30 this afternoon. all the republicans in the senate to go over the proposal. it sounds like the democrats are as well. but the democrats have been very divided over the level for raising taxes, over how to tax small businesses which are the job makers in this country, as well as the death tax which hits so many small businesses and farms and ranches and job creators. so the democrats are divided. we're going to meet at 4:30 to go over the specifics of the agreement to see if it's something that we will vote for. >> how are you on the republican side?
FOX Business
Dec 31, 2012 1:00pm EST
they are talking about the doctor fix. it will increase the size of the deficit. if you are looking for ways to fix the problem, we have the biggest place to go in terms of cuts. ashley: thank you so much. thank you for joining us. shibani: the city of chicago is number one and parking costs. giving chicago the most expensive parking meters in the country. downtown residents can look forward, starting tomorrow, to paying $6.50 for parking in 2013. up from the current rate of $5.75. back in 2008, former mayor richard daley agreed to release the parking meters to a private company. the city in turn received a billion dollars as part of the agreement. current mayor is investigating the deal, but, in the meantime, all meters will be set to the new rate to the end of february. get your quarters out. bring your dollar bills, i guess. ashley: take the bus. shibani: the midnight deadline is fast approaching. will there be a framework to avoid the fiscal cliff? ashley: up to the minute coverage from washington. guess what, republicans should just walk away now. oh, boy. ♪ [ indistinct shouting ] ♪ [ ind
CNBC
Dec 31, 2012 6:00am EST
, now he's mad at howard schultz because he wants to, i don't know, do something with the deficit near term. can we go another five years without having some kind of reckoning in the bond market or somewhere else? >> you know, the european crisis has been quite instructive for my mind in this. but the reality is democracies don't really take tough decisions until they're put under enormous pressure from some external factor, in this case, the stock market. i find myself -- and i still think it today -- that oddly in the events of europe come out of the germans next door with something much more clear about a nurch path of the eurozone, and so people did start to believe the euro is a true global reserve currency to compete with the u.s., that might be the point where the u.s. starts to come under sear use pressure from the markets. of course wrb to some degree, the past -- well, longer, going back to august of last year, the u.s. had this strange benefit that this persisting european crisis is around and sort of global investors can't deal with two huge clem mas at the same time. but i
FOX Business
Dec 27, 2012 11:00pm EST
forget which sound bite said it, but come is that this will not add one crept to the deficit -- one cent to the deficit, but money for first time in history that more people are taking out than putting in, treasury tooks money and spent it on missiles, paper clips and pens, now they have to write the check, they owe money to all of social security resiv resip rec. >> if we ranur be the way that washington runs theirusiness there would be a huge problem. tom: they would be in jail. >> or lose a job or out of business. i'm confident this message will be delivered, someone has to tell the public on a consistent basis we cannot sustain this. tom: i got a comment the other day from said -- someo that said, don't you think, this is the problem, this is not an entitlement they say pause we paid into it the come was, don't you think there issu are hundref billions of dollars they could cut first. >> that is the real problem is the budget. tom: talk to me about there is two social security funds, the old age, and survivor's fund, retired people. and there is the disability fund. we added 8 almost
CNN
Dec 31, 2012 11:00am PST
our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica yellin. let's talk a little bit about the outlines of the deal, the fact that the president came out to make his case and try to push this thing over the finish line. what does the white house have to do to gain the backing it needs. >> reporter: well, what we heard from the president today just now was really an emphasis that there are a lot of components here for democrats to like because their focus especially is on making sure that -- because i should say democrats really need to come out in force for this to get across the finish line. what you asked is also what is in this measure. tax increase or taxes to -- would go back to the clinton levels for people who make $400,000 a year, or households that make $450,000 a y
FOX Business
Dec 25, 2012 10:00pm EST
. federal deficits were .8%. that's .8% of gdp. now our trillion dollars federal deficit amounts to 7.3% of gdp. back then trade was aa contributor to economic growth for the, economy. reunion $500 million at $4.2 billion adjustedio for inflation, and we're running a trade deficit,it trade deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back then. let's compare that to what we are doing now. a 20% of the budget on social security, and then we throw a 21% more of the federal budget for medicare, medicaid, and another 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than median family income was about $38,000. $38,000. today it is $62,000. we will pretend that looks like a two and that looks like a six. we haven't done too well, more than half a century in raising a the median income ine this country and that is something he is right about, we do have to fix that. imagine thi
CSPAN
Dec 24, 2012 12:30am EST
. >> what is out of touch is deficit that we had to deal with. that is what we have had to do. the same time as cutting taxes for the poorest in our country, increasing child tax credit, and ashley freezing the casual tax -- actually freezing the tax to help the families. when it comes to the top rating -- the richest in our country will pay more in tax under every year of this government than any year of his government. those are the facts. he may not like them, but he cannot deny them. >> ed miliband. >> the problem is, nobody believes him anymore. and we know who this prime minister stands up for. where was he last weekend -- back to his old ways, partying with rebecca brooks. no doubt both looking forward to the boxing day hunt, mr. speaker. that is before he was elected -- he can represent everyone in your country, you cannot be a one-nation party. that was then. this is now. everybody knows you cannot be a one-nation prime minister. >> mr. speaker, it would not be christmas without the repeats. that is all we ever get. that is all we ever get from the honorable gentleman. done this yea
CNBC
Dec 28, 2012 9:00am EST
, we still have this bigger challenge out there of how are we going to fix the deficit and debt problem in this country? we know we have to make hard choices. we know the parties have to work together, and they've got to get to work on this as quickly as possible. >> maya, with the greatest of respect, it seems to me your logic is all over the place. it's very clear the nub of the discussion, the squealing that we have at the moment is whether or not to extend tax cuts. that is, in effect, saying we are going to balloon the deficit further. this is not a conversation about actually fixing the debt, is it? that's not what we're talking about at the moment. we're squealing over, let's keep the deficit big. you seem to be arguing that that's exactly what we should be doing. >> let me explain, because it is more complicated than often things are discussed in washington. the problem with the fiscal cliff is it would put in place deficit reduction, but it would put in deficit reduction too much, too quickly, and with the wrong parts of the budget. so it would let all of the tax cuts expire, i
CNBC
Dec 26, 2012 6:00am EST
to worry about and doesn't matter if they sell a lot at the low price. this year, it's deficit and have a lot of inventory. they have gone from managing sales to inventory, that's where the profits go out the window. they want to sell out than sell off. >> more people bought gift cards this year than bought product? >> you tell me, what was on your list this year new and exciting. >> nothing. i wanted socks and shirts. >> you have two things happening, more gift card because nobody knows what to get you- >> and i returned them. >> and they bought you a bad gift so they frankly didn't know what to get you so they foot go something and you will drive more product. >> for $100 go on a gift card how much doesn't get spent? >> 80% don't spend the money and those that do spend spend 116%. stores do like it when they get you in. 16% never get redeemed, money sitting in a drawer. >> marshall, thank you. >> the big old -- what is that a windsor? >> a windsor. double windsor. >> why? >> you try to change the look. don't always want to go narrow. is that a brioni tie? >> what is this a foreign han
CNBC
Dec 31, 2012 9:00am EST
there will be a deal, even if one that doesn't solve all of our long-term debt and deficit problems. here's bob corker. >> i do think there's going to be a resolve to this. the problem is, you know, we created this fiscal cliff to make some tough decisions. and none are going to be made. not one. >> so the question is going to be then, do the tough decisions on spending get made in january and february, running up to the debt limit. we'll see how that goes. we'll see if it actually gets done today. you hear positive things from talk, but you can't trust anything until reid and mcconnell come out on the senate floor and say they have a deal. and then boehner puts it on the house floor. >> it's interesting now, that mcconnell has reached out to the vice president and is doing a deal, specifically that way, rather than involving it would appear at this stage the democrats in the senate. are they now more fractious in actually passing a deal potentially from the gop in the house? >> no. i think it is just dynamics of late-stage negotiations that when you get to the really hard parts, you've got to go high
FOX Business
Dec 25, 2012 5:00pm EST
the deficit. >> the best thing for my children's future, i have two boys, one 10 years, one ten months and i'm worried about climate change and their future. we need to stop encouraging industry causing this problem, oil industry, gas and coal industries, and need to start encouraging clean energy if we ever to solve it. the very first place to stop is -- start to stop giving these subsidies. it is a no-brainer. vast majority of americans of all parties actually support this perspective. melissa: without affordable energy we have no economy. and that is for sure bad for my children. we have no jobs. we have no industry. no energy. >> why is the fastest growing new source of energy country in wind energy or distributed solar on people's roofs. melissa: because it is completely supported by the government and by my tax dollars. >> not even close as much as --. melissa: we have absolutely no money to spend on these things. do you know what they are made of. >> big oil, gas and coal are much more heavily subsidized. melissa: you and i disagree what a subsidy is, which is fine a debate for anothe
FOX Business
Dec 24, 2012 10:00pm EST
the deficit and really end our national debt. potentially, a significant blow to the obamacare controversial o contraceptive mandate. the eighth circuit court of appeals in the preliminary injunction to stop the mandate for being enforced agast the missouri catholic businesswne owners.the li the list of statesst o now, refg to set up state-run health care exchanges for insurance. it is growing. arizona becomes the latest to telling federal government but it will have to assume the burden of operating the exchange and the cost and the supervision, perhaps even running backstage, bringing the total number of states refusing to set up an exchange under obamacare to 17 states. ten other states remainm undecided as to the course they will take or it will be state, the way, the 17 states havenow e republican governors.ppellate we are joined now by peter johnson. it's great to see you. >> thank you for having me, louu dobbs. lou: what is your reaction totie that injunction against the contraceptive mandate? >> it is a surprisingri, injunction. they lost below mr. pringle bryant and his company.y that
CNN
Dec 26, 2012 4:00pm PST
deficit in this country is rising health care costs. do we need to tackle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work together for an agreement? >> absolutely. absolutely. once you know, once the boehner plan b collapsed, all we got was a notification, you can go home, we'll call you when we're ready. >> boehner's got to get off the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. congressman, you just heard your arizona colleague say you all should have absolutely stayed in d.c. and
FOX Business
Dec 31, 2012 6:00pm EST
in on monday and pass these tax increases, the president will get what he wants. there will be deficit reduction, and the next president will inherit the kind of situation that today characterizes come by once a greece, too extreme, but i would say italy. holy irresponsible for any republican member of the house of representatives to vote for the package that mitch mcconnell is negotiating on their behalf without their leaders present. it is a ridiculous package. it does not work, and it will solve our long-term debt problems. gerri: i never have to guess at what you think. you are always clear isabela and entertaining. thank you for coming out tonight. have a great new year. >> happy new year. gerri: no votes in the house tonight. meanwhile, we go off the cliff tomorrow. it does not applicable be a happy new year. our political panel place the blame game next. ♪ [hip-hop music] ♪ - ♪ what's wrong with the world, mama ♪ ♪ people livin' like they ain't got no mamas ♪ ♪ i think the whole world's addicted to the drama ♪ ♪ only attracted to the things that'll bring the tr
CNBC
Dec 28, 2012 6:00am EST
% of the population. >> and that he they gave numbers to the cbo that said we were going to cut the deficit. and, in fact, it was a new entitlement that now is going to cost $12 trillion. we're not that far apart on that issue. i've always thought it would cost a lot of money. >> we're going to have your wife call into the show a little later. >> there is a place of frustration there in any twosome, there's a place for someone who doesn't have to be. >> that's true. you're carson. >> can you do that? >> well -- >> you can't do ed mcmahon? >> i'll work on that. who was conan scott? he had a guy, andy richter. >> no, don't do that. you would have to put on a bunch of weight. >> andy was from my hometown in massachusetts. >> was he? >> yeah. >> let's check on the markets. down 47. we came back, closed down just 18 points yesterday. that's the first time in history where someone said that the house coming back in the markets went you up. usually the government comes into session and the markets go down. we're indicated down about 47 points today. oil has been amazingly strong considering that if we
CNN
Dec 28, 2012 8:00pm PST
for a job and lays groundwork for more economic growth and deficit reduction. >> just moments ago, senator harry reid says he's readying a bill for a vote by monday. all this follows a rare face-to-face closed door meeting at the white house today between all the key players, the president, the vice president, the treasury secretary and all four congressional leaders huddled together with just four days to go before we all go overs fiscal cliff. that meeting lasted for an hour and five minutes. on a story where every second and every maneuver counts, let's get chief to white house correspondent jessica yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that would ever come to a vote because republ
CNN
Dec 27, 2012 8:00pm PST
. that was for a group called the can kicks back. it was to raise awareness about deficit and debt. >> what was awesome about that >> everything. >> roland is right. there was nothing awesome about that. as a matter of fact, roland is right, john. there's nothing right. nothing. >> john's problem is inside, he's a very old man, too. i mean, it proves old people should really -- really old people should never use social media. >> an old man who is in debt and deficits. >> he's going to do the hammer dance? >> alan sem son impson is one o great public servants who will say or do whatever it takes to get people's attention on issues that really matter. skip and this group that sponsored it is the can kicks back. it's not 200 million views. >> i wish we could see al franken dancing in a unitard to fight violence against women. >> make the cut. >> senator franken. >> >> who picked the list? >> we all did it "outfront." >>> up next, a rust belt bright spot in 2013. we're going to take you there, next. [ male announcer ] rocky had no idea why dawn was gone for so long... ...but he'd wait for her forever, for
CNN
Dec 30, 2012 4:00pm PST
to pay a little bit more to reduce our deficit, and that's what's been going on for the last six months. that's what the conversation in the election was all about, but here we are. >> can you walk us through this? you said the chain cpi. i was told it was off the table. is it still on the table? >> earlier today i would have said the odds of an agreement was very low because mitch mcconnell, the republican leader, had put that into the talks. that apparently is no longer part of it. >> walk us through this, what's happening right now. are we at 250 or 400? what are we doing with unemployment? what's going on? >> well, again, there's -- no one has agreed to any particular threshold, whether it's 250, whether it's 400. unemployment insurance is something that is the an absolute requirement. the president has said and i totally agree that it's important that folks who are out of work through no fault of their own continue to get help. it's not just good for their families but the whole neighborhood and the local economy. one of the big issues in the senate has been a republican demand to
CNBC
Dec 26, 2012 4:00pm EST
out of deficit over ten years, isn't that what we really have to do? it seems to me i would really be interested in investing in american equities if i knew the financial situation was under hold >> you say the ends justify the means, no matter how painful? >> it doesn't matter how painful it is and it will be a short shallow recession if we go into it. if we kick the can down the road as so many of you are saying we hope would happen. that's not what should happen for the long-term future of the country. >> you're saying, come on, folks, let's settle. it won't be that big of a deal. right? >> i do disagree with howard a little bit in that i don't think cutting $7.3 trillion, the way this deal says that we should, is the best way to -- to deal with our long-term budget issues. kind of like, you know, you know you have to lose weight so you starve yourself as opposed to some sort of pragmatic balance of, you know, diet and exercise and this deal doesn't get you to the pragmatic part. the flip side, one, cbo projections about future outcomes are based on things being equal and i woul
CNBC
Dec 27, 2012 6:00am EST
will turn to a deficit on 2013 in the increasing demand in the auto industry where palladium is used in systems for cars. combined with the global system supply. a rally that began in earnest at the end of 2012 will go into overdrive in the new year. . >> joining us now is dan dickert. you just said palladium. that's a big pick for you? >> i was surprised that sharon spoke about palladium. it was my sleeper bet for 2013. >> what's going on with palladium? >> it's a real industrial metal. it's in short supply. it's undertraded, underowned and one of those industrial metals. it's one of those sleeper metal plays that you can make. used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do bette
CNN
Dec 27, 2012 4:00pm PST
social media. >> an old man who is in debt and deficits. >> he's going to do the hammer dance? >> he's one of these great public servant who will say or do whatever it takes to get people's attention on issues that really matter. and this group that sponsored it is the can kicks back. it's not 200 million views. >> i wish we could see al franken dancing in a unitard to fight wviolence against women. >> make the cut. >> who picked the list? >> we all did it. >> up next, a rust belt bright spot in 2013. we're going to take you there, next. and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ mal
CNN
Dec 27, 2012 11:00pm PST
and deficits. >> he's going to do the hammer dance? >> he's one of these great public servant who will say or do whatever it takes to get people's attention on issues that really matter. and this group that sponsored it is the can kicks back. it's not 200 million views. >> i wish we could see al franken dancing in a unitard to fight violence against women. >> make the cut. >> who picked the list? >> we all did it "outfront." >>> up next, a rust belt bright spot in 2013. we're going to take you there, next. last chance to get the best deals of the year on america's freshest lineup. hurry in for the great mileage. hurry in the latest technology. the clock is ticking. so hurry to the final 100 hours of ford's year end celebration. before everything's gone. and one more thing...hurry. get a focus with 2000 cash plus 500 year end bonus cash with no charge sync and sound during the final hundred hours of the ford year end celebration. only at your local ford dealer. >>> well, washington's division and dysfunction threatened our economic recovery, some american cities are working their way back a
CSPAN
Dec 28, 2012 11:00pm EST
intermediate deficit problem and implementation of the cost saving measures strengthened over time in the aca will deal with their long-term health care problem. so we are not that far away and we have other tremendous strengths in our country that would allow us to make the kind of investment to transform the economy, to do with the reality of stagnant wages and a sense of diminished opportunities. we have strengths. we can do it. we need the public to rain and behavior that's destructive and we need political leaders to act forcefully. given enough to bipartisan commissions and searched enough for bipartisan consensus. for sensible hard all politics along these lines. >> norm, i particularly cutie take the money question. a couple political had a great shared that showed that party polarization in congress was directly correlated with increasing concentrations of wealth from increasing equality went together artisan polarization. and the money question you can handle so many different ways. i'm really concerned about it posed citizens united system with a federal election commission that's
CSPAN
Dec 28, 2012 8:00pm EST
support it and its effort as everybody knows on the deficit reduction. i'm not sure that anybody really listened, at least they put in the effort. that's apolitical, by the way. so in addition, connie noted it was no surprise to her at the time that based on senator simpson's record in the senate and his bipartisanship work, that he would be chasing to be a cochair of the commission. lastly, i just want to say as we understand, mr. hardy had full access to senator simpson's records, diaries, finance, full access. i will say the senator did mention he's been married 57 years, so anybody that gives full access after 57 years, i think that's pretty impressive. but connie just really wanted to welcome everybody and say we are thrilled to be sponsoring this. [applause] >> nowcome i had the pleasure of introducing what i call the bravest man in the world, dawn hardy, author of the book. i don't you could possibly put all this in one book and decide what to leave in and what to take out at a 70s had senator simpson on msnbc cometh and then ann fox, you change the conversation about politics, c
FOX News
Dec 25, 2012 7:00am PST
for the holidays. the president's aides tell us in private he scaled back from a $4 trillion deficit deal. he wants something smaller in the wake of speaker john boehner's failure on so-called plan b last week. they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. >> reporter: so, sing some carols today. probably will be some eggnog. here in hawaii, maybe back in ohio where john boehner is likely celebrating the holidays as well but they have got
Search Results 0 to 31 of about 32 (some duplicates have been removed)